Ripple & Coinbase CEOs Highlight Clarity Act Progress as Trump Hints at Ethics Deal
Highlights
- Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong highlight progress in Clarity Act.
- Crypto executives including Garlinghouse and Armstrong met Commerce Sec Lutnick to address ethics issues.
- President Trump urged Congress to pass the Clarity Act, calling the current crypto bill "very bipartisan."
Ripple CEO Brad Garlinghouse and Coinbase CEO Brian Armstrong highlighted momentum for the Clarity Act after the White House crypto meeting. President Trump urged Congress to pass the Clarity Act, calling the current crypto bill “very bipartisan.”
Brad Garlinghouse, Brian Armstrong & Crypto Executives Focus on Crypto Bill’s Ethics Issue
Top crypto industry leaders gathered at the White House crypto event for remarks by President Donald Trump alongside SEC Chair Paul Atkins and CFTC Chair Michael Selig.
Before the event, a smaller group of executives including Armstrong, Garlinghouse, a16z’s Chris Dixon, and Kraken co-CEO Arjun Sethi met with Commerce Secretary Howard Lutnick.
The discussion centered on the Clarity Act’s potential to create U.S. jobs, drive economic growth, and encourage crypto companies and entrepreneurs to return onshore, according to reporting by journalist Eleanor Terrett.
The group also addressed remaining obstacles to crypto bill passage, including ethics, and how the White House could help find a path to bipartisan agreement.
While the official decision on bipartisan ethics counteroffer still pending, Trump said the crypto bill is “very bipartisan.” He also said “a lot of Democrats support it” as Coinbase CEO Armstrong urged the Senate to pass the Clarity Act on September 15.
Ripple and Coinbase CEO Hails Trump Admin’s Commitment to Pass Clarity Act
Trump called on Congress to pass the Clarity Act, describing it as “very, very powerful structured legislation, which will keep us ahead of China, keep us ahead of everyone else.”
Ripple CEO Brad Garlinghouse noted that it was “great to be back at the White House” with Trump, Atkins, Selig, and crypto industry leaders. He spotlighted that 67 million Americans hold crypto today, which means nearly 1 in 4.
“The big picture has never been clearer: 67 million Americans hold crypto today (that’s nearly 1 in 4!). Crypto isn’t a fringe industry. And Washington DC knows the crypto voter is alive and well,” Ripple CEO said.
He hailed President Trump’s commitment to innovation and leadership around digital assets in the US. Meanwhile, XRP price has rallied more than 13% to $1.12 over the last 24 hours, building momentum on Garlinghouse’s earlier comment on leaning aggressively to support the CLARITY Act.
Coinbase CEO Brian Armstrong also said President Trump’s message was clear. He stated the administration is committed to passing the Clarity Act, with the crypto industry ready to get the crypto bill across the finish line.
Armstrong claimed 67 million Americans want the Clarity Act to pass. He also urged everyone to contact lawmakers ahead of the Senate’s vote next month.
Today’s message from @POTUS was clear: This Administration is committed to passing the Clarity Act — answering voters’ call for consistent rules for crypto.
Regulators @SECPaulatkins and @chairmanselig are aligned, Congress has set a date, and the entire industry is ready to get… pic.twitter.com/iGfqbawSUE
— Brian Armstrong (@brian_armstrong) August 20, 2026
Odds of the Clarity Act Signed Into Law in 2026 climbed on prediction markets after the crypto CEOs attended the White House crypto summit and Trump urged Congress to pass the crypto bill.
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